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Business Description: Retail Food Group Limited (RFG) is an Australian retail food brand managers and franchisors. RFG is also a supplier and roaster of coffee and affiliated products. The company has two main operational divisions being Franchising and Wholesale/Retail Operations.
Strategy Analysis: Eighty percent of outlets are located in high foot traffic shopping centres to take advantage of small change customer spending. Stagnant shopping centre development has forced management to consider non-traditional sites to continue outlet growth. Franchisee health is a focus with efforts centred on the fortification of average weekly sales via menu enhancement and product innovation, and leveraging input suppliers. Management also pursue acquisitions which provide opportunities to increase EPS, scale, synergies, organic growth and intellectual property. Acquisitions will not necessarily be limited to the food and franchising sector.
Retail Food Group reported NPAT up 0.72% to $14.63m for the half-year ended 31 December 2012. Revenues from ordinary activities were $70.81m, up 25.5% from last year. Diluted EPS was 12.5 cents compared to 13.4 cents last year. Net operating cash flow was $10.29m compared to $13.14m last year. The interim dividend declared was 9.5 cents, compared with 8.5 cents last year.
By Michael McCarthy (chief market strategist, CMC Markets) 19/12/2014 |
Traders and investors caught short heading into the FOMC scrambled for cover in Europe and the US, in many cases driving indices to their best one day performance for 2015.
By Betty Lam (Sales Trader, CMC Markets) 18/12/2014 |
Lead by the Fed-fervour offshore, Australians shares jumped on the Yellen cheer wagon. The material and energy stocks were back in vogue as both sectors gained over 3% in morning trade.
By Michael McCarthy (chief market strategist, CMC Markets) 18/12/2014 |
In spite of a frenzied pre-mortem, a benign statement from the US Federal Reserve‚Äôs Open Market Committee and steadying commodity markets drove investors back into share markets overnight. A calmer, stronger ruble helped offset European growth fears, highlighted in the overnight session by further declines in inflation.
By Betty Lam (Sales Trader, CMC Markets) 11/12/2014 |
Offshore jitters sent ripples through to Australian stocks. The open saw the local equities take 65 points off the index, catalysed by a mass-exit in energy stocks, yet again.
By Ric Spooner (Chief Market Analyst, CMC Markets) 10/12/2014 |
Yesterday‚Äôs news on Greek politics and China‚Äôs bond market came at a time when US and European stock markets have extended rallies and pushed valuations higher. This makes those markets vulnerable to downward corrections as profit takers act to avoid missing out.
BR Securities Australia Pty Ltd 2/12/2014 |
December 2014 could go down as a nasty moment in Australian finance. MYEFO will reveal a deteriorating budget deficit and the UNFCCC meeting in Lima, Peru will provide the agreement, to be ratified in Paris in 2015, on how much (or little) CO2 is to be allowed into the atmosphere from 2020.
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